Median Earnings (1yr)
$33,099
63rd percentile (40th in MN)
Median Debt
$26,500
4% above national median
Debt-to-Earnings
0.80
Manageable
Sample Size
27
Limited data

Analysis

Southwest Minnesota State's psychology program operates in a challenging space—outperforming the national median by a comfortable margin but landing below Minnesota's state median, where psychology graduates typically earn $36,243 in their first year. Within the state, this program sits at the 40th percentile, lagging schools like Metropolitan State and the University of Minnesota system by $5,000-7,000 annually. However, the small sample size (under 30 graduates) means a few outlier careers could significantly shift these numbers in either direction.

The financial picture starts modestly but improves considerably. That $33,099 first-year salary climbs to $46,366 by year four—a 40% jump that suggests graduates are finding their footing in the job market or pursuing paths where experience drives earnings. The debt load of $26,500 is manageable relative to that first-year income, creating a debt-to-earnings ratio of 0.80 that won't trap graduates in overwhelming repayment cycles.

For families considering this program, the key question is geographic flexibility. If your child plans to stay in Minnesota's competitive psychology market, programs at Metropolitan State or the U of M schools deliver stronger earnings right out of the gate. But if they're drawn to Southwest Minnesota State for other reasons—campus culture, location, or financial aid—the trajectory shows graduates can catch up over time. Just remember these numbers reflect a small cohort, so individual outcomes may vary more than usual.

Where Southwest Minnesota State University Stands

Earnings vs. debt across all psychology bachelors's programs nationally

Southwest Minnesota State UniversityOther psychology programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How Southwest Minnesota State University graduates compare to all programs nationally

Southwest Minnesota State University graduates earn $33k, placing them in the 63th percentile of all psychology bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in Minnesota

Psychology bachelors's programs at peer institutions in Minnesota (31 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Southwest Minnesota State University$33,099$46,366$26,5000.80
College of Saint Benedict$41,029$45,302$27,0000.66
Metropolitan State University$40,958$44,425$30,1550.74
Capella University$39,764$43,554$40,8161.03
University of Minnesota-Duluth$38,543$45,061$24,2250.63
University of St Thomas$38,396$51,174$27,0000.70
National Median$31,482—$25,5000.81

Other Psychology Programs in Minnesota

Compare tuition, earnings, and debt across Minnesota schools

SchoolIn-State TuitionEarnings (1yr)Debt
College of Saint Benedict
Saint Joseph
$53,884$41,029$27,000
Metropolitan State University
Saint Paul
$9,780$40,958$30,155
Capella University
Minneapolis
$14,436$39,764$40,816
University of Minnesota-Duluth
Duluth
$14,318$38,543$24,225
University of St Thomas
Saint Paul
$52,284$38,396$27,000

About This Data

Source: U.S. Department of Education College Scorecard (October 2025 release)

Population: Graduates who received federal financial aid (Title IV grants or loans). At Southwest Minnesota State University, approximately 11% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.

Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.

Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.

Sample Size: Based on 27 graduates with reported earnings and 30 graduates with debt data. Small samples may not be representative.